Metodología para generar Indicadores de Actividad en Infraestructura y Vivienda
This article depicts an alternative methodology for measuring the investment activity in Chile’s infrastructure and housing sectors. The methodology is based on the Stock & Watson index (1989), which defines activity indicators as “an unobservable underlying state”. We use the Kalman Filter as an estimation method. Then, by applying the Chow & Lin methodology (1971), we interpolate the disaggregated investment annual series of the National Accounts System. The result is new quarterly investment data for both sectors which can be used in future research.
Volume (Year): 47 (2010)
Issue (Month): 136 ()
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- Chow, Gregory C & Lin, An-loh, 1971.
"Best Linear Unbiased Interpolation, Distribution, and Extrapolation of Time Series by Related Series,"
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- Tom Doan, "undated". "DISAGGREGATE: RATS procedure to implement general disaggregation (interpolation/distribution) procedure," Statistical Software Components RTS00050, Boston College Department of Economics.
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"Numerical Distribution Functions of Likelihood Ratio Tests for Cointegration,"
96a09, Universite Aix-Marseille III.
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- James G. MacKinnon & Alfred A. Haug & Leo Michelis, 1996. "Numerical Distribution Functions of Likelihood Ratio Tests for Cointegration," Working Papers 1996_07, York University, Department of Economics.
- Luis Fernando Melo & Fabio Nieto & Mario Ramos, "undated".
"A Leading Index for the Colombian Economic Activity,"
Borradores de Economia
243, Banco de la Republica de Colombia.
- Luis Fernando Melo & Fabio Nieto & Mario Ramos V., 2003. "A Leading Index For The Colombian Economic Activity," BORRADORES DE ECONOMIA 001920, BANCO DE LA REPÚBLICA.
- James H. Stock & Mark W. Watson, 1989.
"New Indexes of Coincident and Leading Economic Indicators,"
in: NBER Macroeconomics Annual 1989, Volume 4, pages 351-409
National Bureau of Economic Research, Inc.
- Stock, J.H. & Watson, M.W., 1989. "New Indexes Of Coincident And Leading Economic Indicators," Papers 178d, Harvard - J.F. Kennedy School of Government.
- Chang-Jin Kim & Charles R. Nelson, 1999. "State-Space Models with Regime Switching: Classical and Gibbs-Sampling Approaches with Applications," MIT Press Books, The MIT Press, edition 1, volume 1, number 0262112388.
- James H. Stock & Mark W. Watson, 1988. "A Probability Model of The Coincident Economic Indicators," NBER Working Papers 2772, National Bureau of Economic Research, Inc.
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